Exploring Macroeconomics 7th Edition by Robert Sexton – Ebook PDF Instant Download/Delivery: 1305465602, 9781305465602
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ISBN 10: 1305465602
ISBN 13: 9781305465602
Author: Robert Sexton
Prepare students with a solid understanding of macroeconomic principles and how these principles affect their daily lives with Sexton’s unique EXPLORING MACROECONOMICS, 7E. Rather than a traditional encyclopedic text filled with technical details, this book offers a modern, “”back-to-basics”” approach designed to encourage economic literacy and help students appreciate how macroeconomics impacts life today. The latest edition of this reader-friendly book includes new learning tools, a visually appealing design, and the latest captivating content to encourage students to read and master the material. Packed with examples from current events and pop culture, EXPLORING MACROECONOMICS makes macroeconomic concepts less intimidating while conveying the real-world relevance of what students are learning. Throughout this course, the author shares and inspires in students the same excitement he felt when he took his first economics class.
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Exploring Macroeconomics 7th Table of contents:
Part 1: Introduction
Ch 1: The Role and Method of Economics
1.1 Economics: A Brief Introduction
1.2 Economic Behavior
1.3 Economic Theories and Models
1.4 Pitfalls to Avoid in Scientific Thinking
1.5 Positive Statements and Normative Statements
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Appendix: Working with Graphs
Ch 2: Economics: Eight Powerful Ideas
2.1 IDEA 1: People Face Scarcity and Costly Trade-Offs
2.2 IDEA 2: People Engage in Rational Decision Making and Marginal Thinking
2.3 IDEA 3: People Respond Predictably to Changes in Incentives
2.4 IDEA 4: Specialization and Trade Can Make Everyone Better Off
2.5 IDEA 5: Markets Can Improve Economic Efficiency
2.6 IDEA 6: Appropriate Government Policies Can Improve Market Outcomes
2.7 IDEA 7: Government Policies May Help Stabilize the Economy
2.8 IDEA 8: Increasing Productivity Leads to Economic Growth
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 3: Scarcity, Trade-Offs, and Production Possibilities
3.1 The Three Economic Questions Every Society Faces
3.2 The Circular Flow Model
3.3 The Production Possibilities Curve
3.4 Economic Growth and the Production Possibilities Curve
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Part 2: Supply and Demand
Ch 4: Demand, Supply, and Market Equilibrium
4.1 Markets
4.2 Demand
4.3 Shifts in the Demand Curve
4.4 Supply
4.5 Shifts in the Supply Curve
4.6 Market Equilibrium Price and Quantity
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 5: Markets in Motion and Price Controls
5.1 Changes in Market Equilibrium
5.2 Price Controls
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 6: Elasticities
6.1 Price Elasticity of Demand
6.2 Total Revenue and the Price Elasticity of Demand
6.3 Other Types of Demand Elasticities
6.4 Price Elasticity of Supply
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Part 3: Market Efficiency, Market Failure, and the Public System
Ch 7: Market Efficiency and Welfare
7.1 Consumer Surplus and Producer Surplus
7.2 The Welfare Effects of Taxes, Subsidies, and Price Controls
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 8: Market Failure
8.1 Externalities
8.2 Public Policy and the Environment
8.3 Property Rights and the Environment
8.4 Public Goods
8.5 Asymmetric Information
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 9: Public Finance and Public Choice
9.1 Public Finance: Government Spending and Taxation
9.2 Public Choice
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Part 4: Macroeconomic Foundations
Ch 10: Introduction to Macroeconomics: Unemployment, Inflation, and Economic Fluctuations
10.1 Macroeconomic Goals
10.2 Employment and Unemployment
10.3 Types of Unemployment
10.4 Reasons for Unemployment
10.5 Inflation
10.6 Economic Fluctuations
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 11: Measuring Economic Performance
11.1 National Income Accounting: A Standardized Way to Measure Economic Performance
11.2 Measuring Total Production
11.3 Other Measures of Total Production and Total Income
11.4 Problems in Calculating an Accurate GDP
11.5 Problems with GDP as a Measure of Economic Welfare
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 12: Economic Growth in the Global Economy
12.1 Economic Growth
12.2 Determinants of Economic Growth
12.3 Public Policy and Economic Growth
12.4 Population and Economic Growth
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 13: Financial Markets, Saving, and Investment
13.1 Financial Institutions and Intermediaries
13.2 Saving, Investment, and the Financial System
13.3 The Financial Crisis of 2008
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Appendix: Calculating Present Value
Part 5: The Macroeconomic Models
Ch 14: Aggregate Demand and Aggregate Supply
14.1 The Determinants of Aggregate Demand
14.2 The Aggregate Demand Curve
14.3 Shifts in the Aggregate Demand Curve
14.4 The Aggregate Supply Curve
14.5 Shifts in the Aggregate Supply Curve
14.6 Macroeconomic Equilibrium: The Short Run and the Long Run
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 15: The Aggregate Expenditure Model
15.1 The Simple Aggregate Expenditure Model
15.2 Finding Equilibrium in the Aggregate Expenditure Model
15.3 Adding Investment, Government Purchases, and Net Exports
15.4 Shifts in Aggregate Expenditure and the Multiplier
15.5 From Aggregate Expenditures to Aggregate Demand
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Part 6: Macroeconomic Policy
Ch 16: Fiscal Policy
16.1 Fiscal Policy
16.2 Fiscal Policy and the AD/AS Model
16.3 The Multiplier Effect
16.4 Supply-Side Effects of Tax Cuts
16.5 Possible Obstacles to Effective Fiscal Policy
16.6 Automatic Stabilizers
16.7 The National Debt
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 17: Money, Banking, and the Federal Reserve System
17.1 What is Money?
17.2 Measuring Money
17.3 How Banks Create Money
17.4 The Money Multiplier
17.5 The Federal Reserve System
17.6 How Does the Federal Reserve Change the Money Supply?
17.7 Bank Failures
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 18: Monetary Policy
18.1 Money, Interest Rates, and Aggregate Demand
18.2 Expansionary and Contractionary Monetary Policy
18.3 Money and Inflation-The Long Run
18.4 Problems in Implementing Monetary and Fiscal Policy
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 19: Issues in Macroeconomic Theory and Policy
19.1 The Phillips Curve
19.2 The Phillips Curve over Time
19.3 Rational Expectations
19.4 Controversies in Macroeconomic Policy
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Part 7: The Global Economy
Ch 20: International Trade
20.1 The Growth in World Trade
20.2 Comparative Advantage and Gains from Trade
20.3 Supply and Demand in International Trade
20.4 Tariffs, Import Quotas, and Subsidies
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 21: International Finance
21.1 The Balance of Payments
21.2 Exchange Rates
21.3 Equilibrium Changes in the Foreign Exchange Market
21.4 Flexible Exchange Rates
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Glossary
Index
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